CAVENDISH FINANCIAL PLC

Director's Dealing • Aug 15, 2024

National Storage Mechanism | Additional information

RNS Number : 6518A

Cavendish Financial PLC

15 August 2024

15 August 2024

Cavendish Financial plc

(the "Cavendish", the "Company", the Group)

Directors Dealings

Cavendish Financial plc (AIM:CAV) announces that John Farrugia (Co-CEO) has exercised options over 1,333,334 ordinary shares in the Company (the "Options") at an exercise price of 1p per share under the Company's Unapproved Share Option Plan. The exercise of the Options was satisfied by the transfer of shares from the Cavendish Financial plc Employee Benefit Trust (EBT).

Following exercise, and after the off-market sale of shares to the EBT to satisfy the income tax and NIC liability arising on the exercise, John Farrugia received and retained 648,264 shares as shown in the table below:

Director /PDMR	Options Exercised	Shares retained following sale to cover tax liability	Resulting Shareholding	Shareholding % of ISC
John Farrugia, Co-CEO	1,333,334	648,264	2,836,162	0.74%

Further details of the exercise of options and sale to cover tax liability are included in the notification below, made in accordance with the requirements of the UK Market Abuse Regulation.

For further information, please contact:

CONTACTS

Cavendish (Management)                                                            Tel: +44 (0) 20 7220 0500

Julian Morse, Co-Chief Executive Officer                                               investor.relations@cavendish .com

John Farrugia, Co-Chief Executive Officer                                                          

Ben Procter, Chief Financial Officer

SPARK Advisory Partners (Nominated Advisor)                                

Matt Davis / Adam Dawes                                                                            Tel: +44 (0) 20 3368 3550

1

Details of the persons discharging managerial responsibility

a)

Name

John Farrugia

2

Reason for the notification

a)

Position/status

Co-CEO

b)

Initial notification/amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Cavendish Financial plc

b)

Legal Entity Identifier Code

213800DLRUJW6JVNS533

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of £0.01 nominal value each

b)

Identification Code

GB00BGKPX309

c)

Nature of the transaction

Exercise of options under the Unapproved Share Option Plan and the subsequent sale of shares to satisfy income tax and NIC liabilities

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

(1)  Exercise of options

Price(s) per share	Volume(s)
£0.01	1,333,334

(2)  Sale of shares to satisfy tax and NIC liabilities

Price(s) per share	Volume(s)
£0.121	685,070

f)

Aggregated Information

-       Price

-       Volume

-       Total Price

N/A

g)

Date of transaction

15 August 2024

h)

Place of transaction

Outside a trading venue

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